As of May 25, 2025, Ossen Innovation Co Ltd (OSN) reports a Current Ratio of 5.15.
Current Ratio assesses a company's ability to pay short-term debts by comparing liquid assets to liabilities, with higher ratios signaling better financial health.
Historical Trend of Ossen Innovation Co Ltd's Current Ratio
Over recent years, Ossen Innovation Co Ltd's Current Ratio has shown significant volatility. The table below summarizes the historical values:
| Date | Current Ratio |
|---|---|
| 2020-12-31 | 5.15 |
| 2019-12-31 | 4.18 |
| 2018-12-31 | 3.68 |
| 2017-12-31 | 4.84 |
| 2016-12-31 | 4.30 |
This slight upward trend highlights how Ossen Innovation Co Ltd manages its short-term assets and liabilities over time.
Comparing Ossen Innovation Co Ltd's Current Ratio to Peers
To better understand Ossen Innovation Co Ltd's position, it's useful to compare its Current Ratio against industry peers. Below are selected comparisons:
| Company | Current Ratio |
|---|---|
| Ossen Innovation Co Ltd (OSN) | 5.15 |
| Alloy Steel International Inc (AYSI) | 19.08 |
| Haynes International Inc (HAYN) | 7.02 |
| Universal Stainless & Alloy Products Inc (USAP) | 4.27 |
| Commercial Metals Co (CMC) | 3.94 |
| Worthington Industries Inc (WOR) | 3.78 |
Compared to its competitors, Ossen Innovation Co Ltd's Current Ratio is among the highest compared to peers, indicating strong short-term financial flexibility but potentially excess cash that could be invested.